Bloomberg’s Matthew Boes recently reported a 13-year surge in consumer spending on pleasure boats, aircraft, and other recreational vehicles. Is this a sign that American consumers are reaching peak foolishness, maxing out credit cards for wasteful pleasures or is this exactly what we should expect with an all-time high in FICO scores, low jobless rates, and a booming stock market and housing market? Kurt Kallaus at ExecSpec shares his analysis on the current state of American households and what this likely means for the future of the US economy and stock market.

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